The july Producer Price index out at 8 30 a. M. Eastern on the heels of a muted day yesterday. The do nasdaq is down 45, s p lr by 7 and a quarter after the july Consumer Price index showed a higher yearly rate than last month, we brought you the numbers yesterday. Yesterday markets were down by the closing bell. Some on will street say inflation levels could signal no rate hike at the september Federal Reserve meeting but President Biden is pushing for more stimulus, requesting congress approve an additional 40 billion to address what he calls Climate Change and a need for more aid to ukraine and disaster relief. Were talking about it coming up. European markets are in the red, the ft 100 in london currently down 83, the cac quarante in paris down 62, dax lower by 76. And in asia overnight markets finished mostly lower, take a look. Shanghai composite down better than 2 overnight, hang seng in hong kong down about 1 . The one bright spot, japan, was up a fraction. P meanwhile, the death had toll in hawaii is rising as fast moving wildfires and storms kill at least 5 a 6 people and obliterate an entire town. A live report out of maui coming up. Breaking news from the Oversight Committee chairman james comer telling me yesterday hes gearing up to subpoena biden family members as more bank records indicate President Biden and his son hunter have been accepting millions of dollars from foreigners by selling joes title and influence. Joining the conversation all morning long, Payne Capital markets president , ryan payne, and gop strategist and cyber tech expert, krysia lenzo. Mornings with maria is live right now. We belong together. Some come on, come on dont you say never. There is no tomorrow. So come on, come on, you should know better. Maria well, more questions about then Vice President joe bidens controversial trip back in 2015 to ukraine. Weve got a newly surfaced photo, take a look at this photo. It shows biden aboard air force 2. Hes being briefed by an advisor who is apparently in communication with hunter biden and Hunter Bidens associates at burisma. This briefing happening right before biden threatened to withhold 1 billion in u. S. Aid if ukraine did not fire their prosecutor. The prosecutor general was victor showkin. He was investigating corruption at burisma. James comer joined the program yesterday with his take. Watch. This is always going to end with the bidens coming in front of the committee. We are going to subpoena the family. If i had subpoenaed joe and hunter biden the first day i became chairman of the committee, he would have been tied up in court and the judge would have thrown it out. We have put together a case that i think would stand up in any court of law in america and we hope to hear from the bidens. I wish the media would ask the president what exactly did your family do to receive this 21 million that the house Oversight Committee has proven. He continues to say thats a lie. Its not true. We have their bank records, maria. Bank records dont lie. Maria and joining me right now is South Carolina congressman, ralph norman, a member of the house budget, Financial Services and rules committee. Congressman, good morning to you. Your reaction to all of this . Well, maria, it just shows this biden the administration does no ends. Theyve got records that dont lie. Theyve got letters dating back to the Vice President with devon archer saying that he needs be at the meeting, sorry i couldnt be. What more do they need, do we need to start an inquiry. Would any american, any american across this great country get by with what joe biden has. This is a tip of the iceberg. Where were the fbi when he was Vice President in 2011, 2012, where was the cia . Where is the irs asking questions. It takes a committee. Weve been in power since january, to unearth all of this. Its an insult to be honest with you. Maria its pretty outrageous, i agree with that. Were getting drips and drabs from the Oversight Committee. Yet the democrats will not acknowledge it. This is something both sides should agree on. We dont want somebody in the white house selling influence and pocketing the cash and making policy decisions. This president promised to be the most transparent president known to man. Why did he volunteer this . Hes thrown up every roadblock to prevent this. If hes that honest, he thinks he can get by with just saying im innocent. Could any american get by with just saying that . No. The evidence points otherwise. And were going to drag him in or drag his people in and get more information. Hopefully we will have an inquiry that broadens the scope of what james comers committee can do and let the American People judge, let them see and hopefully it will come sooner rather than later. Maria equally as extraordinary, congressman, is the fact that all of this evidence keeps flowing out and yet the doj continues attacking donald trump, special counsel jack smith is proposing that the former president january 6th trial begin on january 2nd of next year. That is just weeks before the iowa caucuses, congressman. So this is right in the middle of a president ial election where they would like donald trump to be on. Trial. Your thoughts . Their intent is to try to detrail donald trump. Thats not their job. The job is to tell the American People the truth. The job for the 87,000 irs agents starts at pennsylvania avenue. They p shouldnt go after anybody like theyre going after donald trump. But the fact is, thats what theyre doing and the good news is were getting to the bottom of it and were finding out exactly what happened and, again, no american could get by with what this president has gotten by with and just to say hes innocent is not good enough. Maria its quite ironic that joe biden keeps telling everybody to pay our fair share and hes even wanting to go after waitress tips at restaurants and yet look at the 20 million that james comer told us about yesterday that there were no taxes paid on that 20 million and of course he admitted to tax evasion, hunter did. Meanwhile, this is clearly a priority when you all get back in september. The other priority is the government running out of money at the end of september and yet the white house is now asking congress for more money. Joe biden wants 40 billion in supplemental funding for the start of the coming fiscal year. They want 24 billion in aid for ukraine, an additional 24 billion after the tens of billions we sent already, 12 billion for disaster relief, 4 billion for the border crisis. I dont think 4 billion is going toward protecting border agents. They say its combating fentanyl. Were not sure where the 4 billion would go at the border. How likely is it that Congress Approves the money . Very small. Theres a growing number that are not going to keep the spending up. Economic security is National Security and we cannot keep spending. No, where are the offsets that biden is saying we need to cut to pay for this. There is no magic at to get this money. We paid ukraine over 100 billion. To come up with more, this isnt unexpected. Joe biden can spend other peoples money. He does it brazenly like apparently hes done with tax dollars that he has not paid on money thats coming to him but, no, i think theres a growing number of us that are going to say no and well see how it plays out but if not now, when, when will we get the country back on economic footing because its a National Security at stake. Maria its quite extraordinary, congressman. Thank you very much for being here this morning. Quick break. Were just Getting Started this morning. Coming up, President Biden calling china a ticking time bomb after a new executive order on technology investment. Is this all too little too late . Former reagan National SecurityCouncil Senior director Robert Robertson junior is here, he spot slighted this issue in terms of americans funding Chinese MilitaryCompanies Among the first to do so. First, more gop candidates taking the loyalty pledge as others scramble to find support in a quickly changing field. Dont miss it. Youre watching mornings with maria live on fox business. What if you could make analyzing a big banks data. No big deal . Go on. Well, what if you partner with ibm and red hat, use a hybrid Cloud Solution to connect data across clouds, then analyze all that data with watson. Okay, but this needs to meet our. Security standards . Yup. Compliance standards . Mmhmm. So they get the insights they need. Yup. In real time. Check. To make quick decisions . Check. Aaaand check. Thats the solution ibm and a global bank created. What will you create . Ibm. Lets create. Woman why did we choose safelite . Vo for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. We went to safelite. Com. Theres no one else wed trust. Their experts replaced our windshield, and recalibrated our cars advanced safety system. They focus on our safety. So we can focus on this little guy. Singers safelite repair, safelite replace. Chevy silverado has what it takes to do it all. With up to 13 camera views. And the z71 offroad package. You ok . Yeah. Any truck can help you make a living. This one helps you build a life. Chevy silverado. Before planning the big trip you were limping thanks to a bad knee. Then, you heard about mako roboticassisted knee replacement. It starts with a ct scan to pinpoint the problem. That becomes a personalized, 3d plan to guide your doctor during surgery. Mako can help lead to better outcomes, like less pain and shorter recovery times. The lifetime of a knee implant is limited, and revision surgery may be required. Individual results and recovery times vary. Risks of surgery include pain, infection, heart attack, stroke, death, and other serious risks. Ask your doctor for important safety information. [camera shutter] to find a doctor who uses mako visit makocan. Com wealthchanging question are you keeping as much of your investment gains as possible . High taxes can erode returns quickly, so you need a taxoptimized portfolio. At creative planning, our Money Managers and specialists Work Together to make sure your portfolio and wealth are managed in a taxefficient manner. Its what you keep that really matters. Why not give your wealth a second look . Book your free meeting today at creativeplanning. Com. Creative planning a richer way to wealth. Maria welcome back. 2024 president ial candidate nikki haley officially vowing to support the eventual gop nominee yesterday. The former South Carolina governor signed the beat biden pledge but she crossed out the name biden and wrote in president harris, signaling that she believes this race is not against biden in the long run but against kamala harris, signing the rncs loyalty pledge is a requirement for participating in the first primary debate. Form r President Trump says hes not willing to sign the pledge. Krysia, your thoughts . My thoughts are that nikki haley is smart and that she amended the pledge because i believe at this point in time candidates should sign a loyalty pledge to our nation, not to a specific candidate and thats exactly what President Trump is trying to convey by not signing this particular pledge. The onus is on our candidates to represent their constituents, the American People. At this point in time we have three candidates nikki haley did not technically sign the full pledge, how it was initially written. We have vivek ramaswamy, desantis and now nikki but i think that the other two requirements do make sense. We do need to make sure that the candidates have enough people who can contribute to their campaign and the 1 if the National Polls for three polls, but this ledge i would like to throw it out. I think we need to really represent the American People especially at this point in time where we have a current president who puts his own interest above the nation. Maria thats what it apparently suggests, all of these bank records that were learning about from the house Oversight Committee. But a new survey finds that Florida Governor ron desantis has only 11 support among women in the primary. This is really interesting. It compares to trump with 52 support for women, because this was an issue the last election and i asked the former president when he sat down with me a few weeks about what hes doing to lure women and independents. I spoke with him on sunday morning futures. Do you have a plan to get independents and suburban women to believe your policieses will make their lives better. Its called safety, its called the border, strong military, low taxes and Interest Rates so you can buy a home, keeping low Income Housing out of a neighborhood thats proud of their house in westchester of new york and they dont want to see their house value crash which i did previously. Maria krysia, your thoughts on whats going on with women. President trump seems to be focusing in on security, person and and National Security. That resonated with mothers and women. I think it makes sense that its resonating with mothers and women. Women are in charge of household spending. He talks about where weve been spending and inflation, these are key issues that trump has a proven track record and this is potentially why desantis, ron desantis doesnt have this track record, hes maybe not as likable. It may not be as appealing to women in the polls. Social issues, he may be alienating women voters. Trump stayed away from talking about some of the social issues, particularly abortion in this segment that you just had but yes, trump has the track record to show that knows how to deal with the crisis at the border and safety which is tantamount for women voters especially those even in upstate new york. Every state is a border state at this point in time and he recognizes that. Maria yeah. I mean, its interesting to see the factions that have begun to be create ad within the Democrat Party created within the Democrat Party. West virginia senator joe manchin said he could soon be switching parties and becoming an independent, departing the democrats. Watch this. Youre thinking seriously about becoming an independent. I am thinking very seriously about that. Ive been thinking about that for some time. I havent made a decisions for y of my political decisions. I want to make sure my voice is truly an independent voice. Maria your thoughts . Hes a wild card for sure, with all the ways he has voted over the last two years or so. I dont believe it. I think he will stay, depending how his constituents want him to do. Thats how he voted in the past. I think hell stay with the democratic party. I dont think hes going independent. Thats just my two cents. Maria well see. Markets are awaiting more data. Futures are turned mixed. Dow industrials now positive, up 15, nasdaq down 29. Weve got all the Market Action on the other sized this break and then the electric slide, hear how one dad reacted when his road trip came to a screeching halt. It is making a buzz this morning. Stay with us. Little red corvette. Baby, youre much too fast. Little red corvette. Need to find a love thats gonna last. Little red its not just designed to look good. Its built to command attention. Its not just a comfortable interior. Its a quiet refuge. Theyre not just headlights. They light the way forward. The new fully electric audi q8 etron models. We never just see the numbers, we see the people. My dad started trek in a red barn in waterloo, wisconsin. And now it spans the globe. You wanna take what was given to you and you wanna build it. And you wanna pass it along. If i can do that, i would have done well. Thats why were here. To help make it happen. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . When you automate sales tax with avalara, you dont have to worry about things like changing tax rates, exemption certificates or filing returns. AvalarAhhh Ahhh Ahhh ahhh goli, taste your goals. Maria welcome back. Futures are mixed this morning, take a look. Were looking ahead to the july ppi number this morning, out in two hours time. The dow is up 11, nasdaq down 34 with the expectations for the ppi up two tenths of a percent month over month and year over year with a gain of seven tenths of a percent. The july Producer Price index will measure prices at the consumer level. It comes after a better than expected july Consumer Report yesterday. Joining me now, adam turnquist. Lets talk about what markets are looking for and expecting. What have you gleaned from the technicals youre focused on in terms of expectations for inflation . Yeah, i think that this inflation theme continues to play out across the data, whether thats cpi that we witnessed yesterday, big driver of that was the shelter component. I think that was almost two thirds of yesterdays cpi report. We see that coming down, a big factor will be rising multifamily units theyre building so we think thats lagged but well see that come down as well. Overall, inflation theme is supporting equity markets, big driver of thi